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Overall trend : Bullish
Ichimoku Analysis (1 hour chart)
Tenken-sen- 0.9737
Kijun-Sen- 0.9730
Trend reversal level (intra day)- 0.9755
USD/CHF has recovered sharply more than 100 pips from the low of 0.96522 made on Aug 31st 2018. The pair should close above 200- H MA and trend line resistance at 0.9755 for the further bullishness.
The pair has shown a minor jump above 200 H MA yesterday and jumped till 0.97671. It is currently trading around 0.97500.
Any break above 0.9755 confirms intraday bullishness, a jump till 0.9778 (38.2% fib)/0.98092/0.98567.
On the lower side, minor support is around 0.9730 and any break below targets 0.9685/0.9660.
It is good to buy above 0.9755 with SL around 0.9729 for the TP of 0.9805/0.9855.
